of investment and therefore they should not trade with money that they cannot afford to lose. Nedbank Group and FirstRand are inextricably tied to that of South Africa, where they make most of their profit. Leverage is a tool used in trading to apply your profits, but it also amplifies your losses which are automatically deducted from your trading account. . How Does Forex Trading Work? In SA, the Financial Services Board (FSB) is the regulatory body responsible for licensing forex brokers.
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Regarding transaction costs, it is important to note that the cheapest brokers are not always the best. We break down what Forex trading is, how it works, the terminology used along with supporting educational content. Contact Fund Managers in Cape Town, Pretoria, Johannesburg or Durban. Traders will look for markets that are moving in a direction they can predict and will then speculate on the movement in the markets. It is, after all, because of this volatility that we can profit from trades. . Picking the Best Forex Broker. Right before 2 pm, you place a trade for 170 USD with 1:50 leverage which gets a trader 8500 (170 USD * leverage) to invest. . English (South Africa) Pivot Point Calculator; Profit Calculator; Nedbank Group Ltd PK (ndbky) OTC Markets Symbol Exchange Currency: ndbky. Here are six steps to becoming a successful forex trader. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
How is their customer service? Debtor Management - Nedbank - Personal. To open a trade, a trader must choose a currency pair, and the direction they anticipate the value of the currencies moving.